Home Financial Record Global Fund private sector partners pledge record levels of support to end AIDS, TB and malaria and strengthen health systems – Global

Global Fund private sector partners pledge record levels of support to end AIDS, TB and malaria and strengthen health systems – Global

  • Over $1.23 billion in pledges, up from $1.13 billion in the Sixth Replenishment.
  • $136 million for catalytic initiatives designed to accelerate progress in a range of critical areas, from digital health to laboratory systems to community health workers.
  • US$250 million in innovative financial investments to support access to innovation and increase national capacity.
  • Over US$30 million in vital non-financial resources and capacity to support digital health, build stronger supply chains, and improve behavior change approaches and prevention programs.

NEW YORK — At the Seventh Global Fund Replenishment Conference, private sector partners committed more funding, in-kind support and catalytic investments than ever before to end the three killer diseases. This pledge and call to action for other partners to join us was led by the Bill & Melinda Gates Foundation, which committed a record $912 million, and (RED), which pledged $150 million. With 11 private sector partners continuing their support and 16 new partners committing for the first time, total funding pledged increased to $1.23 billion, an increase of $108 million from the Sixth Replenishment.

The pledges included financial support from:

  • Rotary Australia World Community Service ($4.8 million)
  • AIDS Healthcare Foundation ($10 million)
  • Comic Relief US ($6 million)
  • Nu Thuy Duong ($3 million)
  • Catholic Relief Services ($3 million)
  • Takeda (JPY 376 million)
  • Plan International ($2.3 million)
  • GSK and ViiV Healthcare (GBP 2 million)
  • JC Flowers Foundation ($1 million)
  • SMJR Foundation ($1 million)

The Eka Tjipta Foundation ($2 million), Kalbe ($1.5 million), the Paloma Foundation ($1 million), and the Tanoto Foundation ($1 million) have also pledged to support the Indonesian government’s commitment, and Anglo American ($0.5 million) and ABSA ($0.15 million) also supported the South African government.

The Global Fund partnership announced catalytic investments to accelerate growth and drive innovation adoption across a number of critical pillars of change in its strategy, including:

  • The Children’s Investment Fund Foundation, which has pledged US$33 million to accelerate progress in the fight against HIV transmission by increasing equitable access to medications like pre-exposure prophylaxis.
  • Johnson & Johnson (J&J) and the Skoll Foundation will together provide $25 million as a base investment in a fund to accelerate the professionalization of community health workers, the backbone of last-mile healthcare.
  • The Rockefeller Foundation and the Abbott Fund have committed a total of US$20 million in a catalytic fund to strengthen laboratory systems in countries, strengthen regional collaboration, and strengthen information systems for data sharing.
  • A fund designed to accelerate countries’ digital health transformation will be backed by Anglo American and the Anglo American Foundation with US$15 million, plus co-investment commitments worth at least US$23 million. US dollars from Dimagi, Medic Mobile, Medtronic LABS, Novartis Foundation, Orange and Zenysis.
  • SC Johnson and J&J, alongside Project Last Mile, celebrating 10 years of partnership, are committed to using their expertise and best practices from the private sector to dramatically improve and accelerate the impact of precision behavior change in programs of prevention. Roche will provide technical assistance to improve laboratory sample transport systems and waste management. Thomson Reuters is committed to increasing efforts to reduce human rights barriers to health.
  • Malaria No More and the Health Finance Coalition (HFC) launched the Outcomes Fund for Fevers (OFF) in partnership with The Global Fund, Global Citizen, NPX and the Clinton Health Access Initiative (CHAI). The Fund aims to raise an initial amount of US$25 million to improve the quality of digital fever testing, treatment and reporting through the private sector in sub-Saharan Africa.

“To beat HIV, TB and malaria, we need innovation, and we need to make sure it reaches the people who need it most. This scale of funding and the commitment of private sector expertise will help us transform millions of lives,” said Peter Sands, Executive Director of the Global Fund. “Our partners are showing incredible leadership. We will not beat these diseases without the private sector continuing to step in.”

In New York, the event> September 19 showcased the range of private sector partnerships designed to address critical issues and bottlenecks in the fight against the three diseases, with support spanning a wide range of industries – including digital health , telecommunications, marketing, finance, pharmaceuticals and life sciences, as well as fast moving consumer goods (FMCG). He also highlighted the importance of the voice of civil society, especially young women and girls, in designing solutions and deploying private sector resources.

“The Global Fund is leveraging the power of private sector innovation and expertise and rapidly expanding access to new solutions for the most vulnerable people, accelerating progress in key priority areas and strengthening national capabilities in the countries in which we invest,” said Sherwin. Charles, a Global Fund board member representing the private sector and CEO of Goodbye Malaria, who also pledged $5.5 million.

Two partnerships recognized the need to mobilize other forms of investment to accelerate innovation and build national capacity. In line with the Global Fund’s mission to eliminate HIV, TB and Malaria, MedAccess will deploy at least US$150 million of its capital to secure price and volume agreements to accelerate patient access to affordable new products, and HFC intends to launch a US$100 million investment fund program to scale innovative healthcare models in Africa.

Closing the event, Dr. Donald Kaberuka, Chair of the Global Fund Board, said, “I would like to thank the private sector for responding to our call to action. We must reinvigorate the world to defeat AIDS, tuberculosis and malaria. We will not defeat these diseases alone, we will defeat them together with the public, private and civil society movement embodied in the Global Fund. This unprecedented set of resources will allow us to save millions more lives and even more livelihoods. , we will need to mobilize even more action, and we invite more philanthropists, foundations and corporations to join our movement.”